We show that there exists a time-independent tax rule that guides polluting oligopolists to achieve the socially optimum production path. |
For literature on information-sharing among oligopolists, see Gal-Or, in which rival firms have private information and use it against one another. |
But the oligopolists of culture are running out of alternatives. |
Oligopolists increase price by distorting output decisions, causing cross-firm production inefficiencies. |
The Cournot output-setting model requires relatively few oligopolists to achieve close to the competitive output. |
The problem with this expanded property creation scheme, he suggests, is that the property being created is gobbled up by a few rapacious oligopolists. |